19 Dec 2022

Raymond Realty’s TenX Habitat has been successfully completed and delivered its first three towers 24 months ahead of schedule leaving homebuyers overjoyed. The project was launched in 2019 and is set to become the tallest structure in Thane Skyline with 42 stories and 10 towers. The Address by GS and TenX Habitat, two of the group's premier real estate developments have secured the top two spots in the Thane city area with 78 and 124 apartments sold for Rs 201 crores and Rs 147 crores respectively. This accomplishment is consistent with Raymond Realty's robust second-quarter sales growth, which increased by three times, to Rs 245 crores from Rs 81 crores in the prior year.Read more

13 Dec 2022

As a result of the FIR logged against Sobha Builders and others by the Haryana Police, the Directorate of Enforcement (ED) has provisionally attached immoveable properties of the company, allegedly worth Rs 200 crores. According to the FIR, the Haryana Police believe Sobha Builders and others have colluded to sell land that was earmarked for the “no profit no loss (NPNL)” scheme in the open market for a substantial profit. In its regulatory filling, the company has issued a statement saying the are fulling cooperating with authorities and believe a favourable outcome will soon arise. The plots in question our present in the company’s township developement Sobha International City, located in Gurugram.Read more

09 Dec 2022

Having secured investments of over Rs 800 crores, Hyderabad-based real estate developer Aparna Constructions and Estates is gearing up to introduce four residential projects located near the city’s IT sector and Outer Ring Road. All four projects will offer 2.5 to 3 BHK configurations with carpet areas ranging from 1,314 to 1,981 square feet. The ticket prices will range between Rs 90 lacs to Rs 1 crore. With these new developments, the company has launched a total of seven residential projects in this fiscal year.Read more

08 Dec 2022

Paranjape Schemes has launched “Swaniketan”, a housing project specially catered for differently ables children. Located in Western Pune, the project will be developed in two phases and will contain 240 apartments of 2 and 3 BHK configurations. All the amenities required for special children, including medical centres, early intervention centres, round-the-clock respite centres, vocational centres, and hostels for special children will be made available. The company has partnered with Saad and Forum for Autism members to develop an organisation called FFL Kutumb which will oversee the management and operations of Swaniketan.Read more

07 Dec 2022

Godrej properties recently announced an upcoming launch of a premium housing project in Ashok Vihar, Delhi. The project will be developed on a 27acre land parcel that the company purchased in February this year for a reported sum of Rs 1,300 crores. The project is aimed to generate over Rs 8,000 crores in sales income for the company. Godrej Properties has beefed up its presence in Delhi-NCR this year by launching two projects this year: Godrej Connaught One, a compact luxury development near Connaught Place in another residential complex in Central Delhi.Read more

06 Dec 2022

In what is being construed as the largest contract to be secured by Crystal Lagoons, the company has collaborated with Champion’s Group to create over 100 Public Access lagoon Projects, known as PAL developments and real estate projects in India over the next 20 years. The agreement includes creation of these projects in 26 out of 28 states in the country. With this partnership, Champion’s Group aims to establish a new real estate portfolio with developments targeted at the high-income market that need a membership fee, somewhat equivalent to a classic country club.Read more

05 Dec 2022

Noted industrialist and administrator of F E Dinshaw Charities and F E Dinshaw Trust, Nusli Wadia has put up for sale approximately 20 acres of land in Malad, Mumbai valued at roughly Rs 100 crores. There three plots are presently encroached upon by slum dwellers. The entities are planning to sell the land parcels on an ‘as is where is basis’. The tender for sale was announced in early November and the set reserve price is said to be 25% of the ready reckoner rate according to land valuation experts.Read more

05 Dec 2022

In a recent press release, India’s first Wood Frame Construction (WFC) company Nesca Homes announced its intention of constructing 10,000 wooden buildings by 2030. The company is a one window solution supplier of wooden buildings. They have assisted Forestry Innovative Investors in British Columbia, Canada in the past and have conducted multiple demo projects across India including the MAK project in Hyderabad. Their core competencies lie in value engineering, estimations and construction management in Canadian pinewood and technology.Read more

02 Dec 2022

Delhi based Trident Realty is gearing up to launch an integrated luxury township that will span across a 200-acre plot of land in Panchkula in Haryana. With a goal of deleveraging, the realty firm will use a portion of the money raised from banking institutions for its Trident Hills project to complete and hand over this new project. The company is said to have already invested a sum of Rs 400 crores which it intends to utilise to complete construction and deliver 450 plots already purchased by buyers in the new project.Read more

01 Dec 2022

On 29th November 2022, the government of Maharashtra opened the financial bids for the redevelopment of the Dharavi slums located in Mumbai. The winner of the bid was to be decided based on the highest initial investment pledge. DLF Group quoted Rs 2,020 crores and Gautam Adani led Adani Realty quoted Rs 5,060 crores, ultimately winning the bid. The project is scheduled to be completed over 17 years. The redevelopment will be undertaken via a Joint Development Agreement with the state government and Adani Realty.Read more